Microvast Holdings, Inc. (MVST) quarterly income statement — complete revenue, gross profit & net income history
Microvast Holdings, Inc. (MVST) annual income statement — 8-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 87.26M | 60.61M | 96.4M | 123.29M | 91.34M | 116.49M | 113.39M | 101.39M | 83.67M | 81.35M | 104.58M | 80.12M | 74.95M | 46.97M | 64.8M | 38.62M | 64.41M | 36.67M | 66.77M | 36.89M |
| Revenue Growth % | -4.46% | -47.97% | -14.98% | 21.6% | 9.16% | 43.2% | 8.43% | 26.55% | 11.64% | 73.19% | 61.39% | 107.47% | 16.36% | 28.1% | -2.96% | 4.67% | 93.02% | 145.47% | 38.77% | 19.97% |
| Cost of Goods Sold | 61.48M | 41.46M | 95.44M | 76.88M | 59.62M | 73.47M | 71.87M | 67.78M | 56.48M | 64.13M | 81.55M | 62.23M | 63.49M | 42.12M | 62.57M | 36.62M | 59.57M | 36.66M | 65.62M | 72.78M |
| COGS % of Revenue | 70.46% | 68.4% | 99.01% | 62.35% | 65.27% | 63.07% | 63.38% | 66.85% | 67.5% | 78.83% | 77.98% | 77.68% | 84.71% | 89.66% | 96.56% | 94.84% | 92.48% | 99.96% | 98.27% | 197.27% |
| Gross Profit | 25.78M | 19.16M | 959K | 46.41M | 31.72M | 43.02M | 41.52M | 33.61M | 27.2M | 17.23M | 23.02M | 17.88M | 11.46M | 4.86M | 2.23M | 1.99M | 4.84M | 13K | 1.15M | -35.88M |
| Gross Margin % | 29.54% | 31.6% | 0.99% | 37.65% | 34.73% | 36.93% | 36.62% | 33.15% | 32.5% | 21.17% | 22.02% | 22.32% | 15.29% | 10.34% | 3.44% | 5.16% | 7.52% | 0.04% | 1.73% | -97.27% |
| Gross Profit Growth % | -18.74% | -55.47% | -97.69% | 38.08% | 16.65% | 149.73% | 80.33% | 87.94% | 137.28% | 254.57% | 934.32% | 797.34% | 136.75% | 37269.23% | 93.06% | 105.55% | 171.46% | 101.05% | -86.73% | -1075.67% |
| Operating Expenses | 27.5M | 27.09M | 39.37M | 33.42M | 15.51M | 24.08M | 66.05M | 26.43M | 125.94M | 40.34M | 46.04M | 44.23M | 38.33M | 36.16M | 36.85M | 39.08M | 49.81M | 43.27M | 48.75M | 77.41M |
| OpEx % of Revenue | 31.51% | 44.7% | 40.84% | 27.11% | 16.98% | 20.67% | 58.25% | 26.06% | 150.51% | 49.59% | 44.02% | 55.21% | 51.13% | 76.97% | 56.87% | 101.21% | 77.33% | 118.01% | 73% | 209.82% |
| Selling, General & Admin | 18.63M | 18.28M | 29.68M | 25.67M | 7.42M | 17.25M | 29.34M | 16.8M | 28.54M | 29.39M | 34.64M | 31.01M | 29.41M | 25.37M | 26.79M | 28.15M | 40.15M | 32.1M | 41.01M | 64.44M |
| SG&A % of Revenue | 21.35% | 30.16% | 30.78% | 20.82% | 8.12% | 14.81% | 25.87% | 16.57% | 34.1% | 36.12% | 33.13% | 38.71% | 39.23% | 54.02% | 41.35% | 72.89% | 62.32% | 87.54% | 61.42% | 174.66% |
| Research & Development | 8.86M | 8.81M | 10.38M | 7.76M | 7.72M | 8.25M | 8.77M | 10.69M | 10.11M | 11.49M | 11.39M | 13.24M | 9.51M | 10.86M | 10.5M | 11.46M | 10.24M | 11.31M | 11.19M | 13.52M |
| R&D % of Revenue | 10.15% | 14.54% | 10.77% | 6.29% | 8.45% | 7.08% | 7.74% | 10.55% | 12.08% | 14.13% | 10.9% | 16.53% | 12.68% | 23.12% | 16.2% | 29.67% | 15.9% | 30.84% | 16.75% | 36.64% |
| Other Operating Expenses | 9K | 0 | -687K | -8K | 369K | -1000K | 1000K | -1000K | 1000K | -534K | 0 | -20K | -586K | -77K | -439K | -520K | -576K | -137K | -1000K | -545K |
| Operating Income | -1.72M | -7.93M | -38.41M | 12.99M | 16.21M | 18.93M | -24.53M | 7.19M | -98.74M | -23.12M | -23.01M | -26.35M | -26.87M | -31.3M | -34.63M | -37.09M | -44.97M | -43.26M | -47.59M | -113.3M |
| Operating Margin % | -1.97% | -13.09% | -39.85% | 10.54% | 17.75% | 16.25% | -21.64% | 7.09% | -118.01% | -28.42% | -22.01% | -32.89% | -35.84% | -66.63% | -53.44% | -96.05% | -69.82% | -117.97% | -71.28% | -307.09% |
| Operating Income Growth % | -110.61% | -141.91% | -56.59% | 80.82% | 116.42% | 181.89% | -6.6% | 127.27% | -267.53% | 26.14% | 33.54% | 28.96% | 40.26% | 27.65% | 27.25% | 67.26% | -101.31% | -299.24% | -705.98% | -1145.56% |
| EBITDA | -10.66M | 148K | -30.03M | 21.27M | 24.51M | 27.11M | -16.72M | 14.91M | -91.11M | -15.45M | -15.32M | -21.31M | -21.77M | -26.2M | -29.84M | -32.17M | -39.21M | -37.25M | -41.78M | -108.25M |
| EBITDA Margin % | -12.22% | 0.24% | -31.15% | 17.25% | 26.84% | 23.27% | -14.75% | 14.71% | -108.88% | -19% | -14.65% | -26.6% | -29.04% | -55.78% | -46.05% | -83.3% | -60.87% | -101.58% | -62.57% | -293.41% |
| EBITDA Growth % | -143.49% | -99.45% | -79.58% | 42.63% | 126.9% | 275.42% | -9.15% | 169.97% | -318.55% | 41.02% | 48.66% | 33.76% | 44.49% | 29.66% | 28.57% | 70.28% | -125.8% | -525.07% | -3971.83% | -1107.88% |
| D&A (Non-Cash Add-back) | 0 | 8.08M | 8.38M | 8.27M | 8.3M | 8.18M | 7.81M | 7.72M | 7.63M | 7.66M | 7.69M | 5.04M | 5.1M | 5.1M | 4.78M | 4.92M | 5.76M | 6.01M | 5.82M | 5.05M |
| EBIT | -10.66M | 49.44M | 11.46M | 505K | -104.59M | 62.98M | -103.84M | 17.54M | -99.46M | -23.09M | -23.39M | -25.68M | -25.59M | -29.11M | -32.81M | -35.77M | -43.29M | -42.98M | -46.18M | -115.12M |
| Net Interest Income | -595K | -845K | -862K | -1.02M | -1.05M | -1.01M | -1.4M | -4.1M | -1.85M | -1.61M | -1.06M | 91K | 1.03M | 922K | 717K | 96K | -475K | -482K | -639K | -1.15M |
| Interest Income | 733K | 382K | 346K | 236K | 198K | 177K | 191K | 186K | 246K | 119K | 128K | 582K | 1.52M | 1.38M | 1.57M | 870K | 420K | 314K | 142K | 97K |
| Interest Expense | 1.33M | 1.23M | 1.21M | 1.25M | 1.25M | 1.19M | 1.59M | 4.29M | 2.09M | 1.73M | 1.19M | 491K | 487K | 459K | 858K | 774K | 895K | 796K | 781K | 1.25M |
| Other Income/Expense | -10.27M | 56.15M | 48.67M | -13.74M | -122.05M | 42.86M | -80.91M | 6.06M | -2.81M | -1.71M | -1.57M | 176K | 788K | 1.73M | 961K | 546K | 790K | -518K | 630K | -3.07M |
| Pretax Income | -11.99M | 48.21M | 10.26M | -750K | -105.84M | 61.79M | -105.44M | 13.25M | -101.56M | -24.82M | -24.58M | -26.17M | -26.08M | -29.57M | -33.66M | -36.54M | -44.18M | -43.78M | -46.96M | -116.37M |
| Pretax Margin % | -13.74% | 79.54% | 10.64% | -0.61% | -115.87% | 53.04% | -92.99% | 13.07% | -121.37% | -30.52% | -23.51% | -32.67% | -34.79% | -62.95% | -51.95% | -94.63% | -68.59% | -119.38% | -70.33% | -315.42% |
| Income Tax | 0 | 0 | -6.28M | 739K | 220K | 0 | 0 | 0 | 0 | 0 | 10K | 0 | 0 | 0 | 33K | 0 | 0 | 0 | -324K | 106K |
| Effective Tax Rate % | 0% | 0% | -61.28% | -98.53% | -0.21% | 0% | 0% | 0% | 0% | 0% | -0.04% | 0% | 0% | 0% | -0.1% | 0% | 0% | 0% | 0.69% | -0.09% |
| Net Income | -11.99M | 48.21M | 16.54M | -1.49M | -106.06M | 61.79M | -105.44M | 13.25M | -101.56M | -24.82M | -24.54M | -26.13M | -26.09M | -29.58M | -33.7M | -36.54M | -44.18M | -43.78M | -46.64M | -117.99M |
| Net Margin % | -13.74% | 79.54% | 17.16% | -1.21% | -116.11% | 53.04% | -92.99% | 13.07% | -121.37% | -30.52% | -23.46% | -32.62% | -34.81% | -62.97% | -52.01% | -94.63% | -68.59% | -119.38% | -69.85% | -319.81% |
| Net Income Growth % | 88.7% | -21.98% | 115.69% | -111.24% | -4.43% | 348.9% | -329.73% | 150.7% | -289.27% | 16.08% | 27.19% | 28.5% | 40.95% | 32.43% | 27.75% | 69.03% | -42.04% | -115.96% | -36915.08% | -737.36% |
| Net Income (Continuing) | -11.99M | 48.21M | 16.54M | -1.49M | -106.06M | 61.79M | -105.44M | 13.25M | -101.56M | -24.82M | -24.59M | -26.17M | -26.08M | -29.57M | -33.7M | -36.54M | -44.18M | -43.78M | -46.64M | -116.48M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.99M | 2.04M | 2.15M | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.03 | 0.15 | 0.05 | -0.00 | -0.33 | 0.05 | -0.33 | 0.03 | -0.32 | -0.08 | -0.08 | -0.08 | -0.08 | -0.10 | -0.11 | -0.12 | -0.15 | -0.15 | -0.16 | -0.49 |
| EPS Growth % | 89.58% | 200% | 114.85% | -115.33% | -3.13% | 162.5% | -323.62% | 137.5% | -300% | 20% | 29.18% | 33.33% | 46.67% | 33.33% | 31.25% | 75.51% | -66.48% | -59.24% | 84.31% | -571.23% |
| EPS (Basic) | -0.03 | 0.15 | 0.05 | -0.00 | -0.33 | 0.19 | -0.33 | 0.04 | -0.32 | -0.08 | -0.08 | -0.08 | -0.08 | -0.10 | -0.11 | -0.12 | -0.15 | -0.15 | -0.16 | -0.49 |
| Diluted Shares Outstanding | 348.95M | 385.27M | 337.43M | 323.76M | 323.64M | 374.43M | 322.33M | 367.03M | 315.51M | 315.37M | 314.97M | 313.11M | 307.74M | 307.71M | 307.63M | 305.98M | 300.57M | 298.84M | 298.84M | 243.86M |
| Basic Shares Outstanding | 348.95M | 332.36M | 327.93M | 323.76M | 323.64M | 323.43M | 322.33M | 320.55M | 315.51M | 315.37M | 314.97M | 313.11M | 307.74M | 307.71M | 307.63M | 305.98M | 300.57M | 291.84M | 298.84M | 243.86M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |